Granite Point Q2 2026 GAAP net loss $62M; refinances CLOs with JPMorgan, lowering cost 38 bps

Granite Point Mortgage Trust Inc.

GAAP net loss attributable to common stockholders of $62.0M ($1.29 per share); Distributable Earnings loss of $37.7M ($0.79 per share).
Book value per common share fell to $5.70, including $(3.44) per share of CECL reserve; total CECL reserve $165.8M (11.4% of loan commitments).
Refinanced two legacy CLOs with JPMorgan: $651M facility at S+2.17%, 2-year term with three 1-year extensions; lowered cost 38 bps.
Net loan portfolio activity of $(121.8)M in UPB, including resolution of a $76M retail/office loan in Chicago and full repayment of $37.5M office loan in Richmond.
Ended Q2 with $58.5M unrestricted cash; post-quarter-end cash $35.7M as of Aug 3, 2026.

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